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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: koan who wrote (174599)10/26/2011 10:51:18 AM
From: Wharf Rat  Read Replies (1) | Respond to of 541540
 
Yer welcome.


First Bakken Oil Rail Shipment to East Coast

I was told by my contact at the Surface Transportation Board that the first CP unit train with Bakken oil had reached Albany. There it will be loaded on barges and shipped to a Philadelphia area refinery.

An all rail movement would have involved splitting revenue with CSX (maybe N-S) and they would have wanted the transfer in Chicago (or charged as much as they would have gotten from Chicago).

CP's marketing for Bakken Oil does not mention this new service.

http://www.cpr.ca/en/ship-with-cp/where-you-can-ship/bakken-shale/Pages/...

The WTI-Brent spread should shrink.

Best Hopes for Working Things Out,

Alan